DeepSeek sparks AI stock selloff; Nvidia posts record market-cap loss

Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.

Global investors dumped tech stocks on Monday amid concerns over the emergence of a low-cost Chinese artificial intelligence model threatening the dominance of AI leaders like Nvidia. The chipmaker lost $593 billion in market value, marking the largest one-day loss for any company on Wall Street.